Company Profile:

High Plains Gas, Inc. ("HPG") procures, produces and markets natural gas (Methane) from the Powder River Basin in Central Wyoming. Through its solid foundation and experience in the region, HPG will pursue expansion plans both within the Basin and across the area.

Aside from its North and South Fairway Assets, HPG maintains 92 producing wells. Fifty-six of the 92 producing wells are selling marketable natural gas. Until recently, the majority of those wells were not connected to a transmission line. By the end of 2011, all producing wells will be connected to the HPG infrastructure. As new wells are drilled, they will be connected to the HPG infrastructure within 30 days of completion.

HPG maintains growth as a core value. To achieve its growth plans, HPG owns an inventory of gas related equipment and material. Current average well depth is approximately 280 feet. At this depth, HPG owns sufficient well casing to cover 20 wells. HPG also owns 36 additional well site equipment packages. Additionally, HPG has an inventory of eight miles of 8 inch transmission line. This material, when combined with the infrastructure installation equipment provides a visible asset base to allow HPG to continue to grow production and revenue.

Share Structure:

O/S:167,243,602 a/o May 16th, 2011

Company Website:

Management:

Mark Hettinger

Chairman of the Board

Mark Hettinger has over 30 years of experience in oil and gas construction, fabrication and process equipment. Mark founded Hettinger Welding in 1980 to provide welding and fabrication services to energy companies in Wyoming. In October 2006, after 28 years as principal owner and CEO, Mark sold Hettinger Welding. Mark remained the CEO of the Hettinger companies through 2009. Mark's vision grew Hettinger to over 1,400 employees and a 200 million plus dollar annual market share, solidifying Hettinger as one of the largest oil and gas construction firms in the Western United States. In 2009, Mark retired as CEO of Hettinger to focus on oil and gas production and is an active, managing member of High Plains Gas, Inc.

Brent Cook

Chief Executive Officer

Brent Cook has over 26 years of corporate finance and management experience in the Energy Industry. Prior to joining High Plains Gas, Mr. Cook served as CEO of Current Energy where he successfully negotiated and closed on the acquisition of the Gas Fields known as "North & South Fairway" assets of Marathon Oil Corporation located in the Powder River Basin. Prior to starting Current Energy, Mr. Cook served as Director of Raser Technologies beginning in October 2004, and as that company's CEO from January 2005 to September 2009 where he oversaw their listing on the NYSE. Mr. Cook was also a partner and employed from February 2002 to March 2005 by AMP Resources, a geothermal power generation company that sold and developed their projects to ENEL, an Italian power generation company. From 1996 to 2002, Mr. Cook developed and built Headwaters and served in various positions at Headwaters Inc., a large publicly-traded energy Technology Company, including as its Chief Executive Officer, President, and Chairman of the Board.

Joe Hettinger

Chief Financial Officer, Member of the Board of Directors

Joe Hettinger has over 10 years of experience in accounting and finance in the banking and energy industries. Joe co-authored the internal control structure for Sarbanes Oxley sec. 404 for a publicly traded bank in 2004. In 2004, Joe co-founded Rocky Mountain Development Group, Inc. where he served as the Vice President of Acquisitions and Finance through 2006. Joe became a member of the Hettinger Companies in 2007 as the Southern Wyoming Regional Manager and Director of Contract Administration. In 2008 Joe managed over 90 million dollars worth of oil and gas facility construction projects for Hettinger Companies. Joe is an active, managing member of High Plains Gas, Inc .

Jerri Hettinger

Jerri Hettinger is a graduate of the University of Washington where she earned a bachelor's degree in Business Administration. Jerri started her career in the oil and gas industry in 2000 with Hettinger LLC as the director of Human Resources. Since 2003, Jerri has managed all aspects of administration for High Plains Gas, Inc. including oil and gas production reporting, royalty distribution, severance tax, ad valorem tax and State and Federal mandated reporting. Jerri has considerable experience in accounting and management.

Greg Greenough

Greg Greenough started his career in the energy sector in 1983 as a Roustabout Laborer. After four years, Greg went to work for Atles Powder (Nelson Brothers) as a Blasting Technician. Several years of hard work promoted Greg to Site Manager, controlling operations at several coal mines, including Dry Fork Mine. In 2000, Greg left to join the Marathon Oil team, managing automation and measurement. During his tenure at Marathon, Greg designed well head hookups, electrical instrumentation for wells, and managed special projects. Greg's time spent in the Gillette energy sector has given him invaluable contacts as well as intricate knowledge of gas field infrastructure. Greg has been an active member of HPG since 2006 as the Operations Manager.

Al Smith

Member of the Board of Directors

Al Smith is an oil industry veteran, having worked in the sector for well over 4 decades. He is currently serving as a Geological Consultant to two Japanese companies and a Houston based oil company. From 1998 to 2003, he served as the Vice President, International Business Development for EEX Corporation where he is responsible for evaluating oil exploration and production projects in Asia and Australia. He has developed and managed many relationships with government oil companies in Indonesia, Brunei and New Zealand. Prior to his time with EEX, he worked for Pennzoil Exploration in a similar capacity where he oversaw the evaluation of exploration and development projects throughout the region and was responsible for developing and managing relationships with national oil companies and financial institutions. Mr. Smith has also held positions with Inexco Oil Company, Lear Petroleum Company, Davis Oil Company, Mountain Fuel Supply Company as well as Amoco Production Company. He has a B.S. in Geology and an M. Sc. in Geology from Brigham Young University. He is a member of the American Association of Petroleum Geologists, Rocky Mountain Association of Geologists and Wyoming Geological Association.

Gary Davis

Member of the Board of Directors

Gary Davis, the President and Founder of Kahuna Ventures LLC, 1999, a natural gas processing, treating and project-consulting firm, has well over 32 years in the natural gas space. Kahuna Ventures currently has 40 employees, including 20 engineers and 7 field construction managers or inspectors. Previous to founding Kahuna, Gary worked at Western Gas Resources, Inc. for over 14 years. His tenure included holding such positions as Corporate Controller, Sr. Vice President of Engineering & Production, Environmental and Safety, Vice President of Southern Region and Vice President of Engineering & Environmental. During his time with Western Gas, he assisted in growing a 50-employee company into a major independent mid-stream corporation with over 950 employees and a gross income in excess of $1 billion. He has extensive experience in all project functions including due diligence, site and right of way acquisition, legal, environmental and permitting, safety and operations. He has a B.S. degree from the Colorado School of Mines (CSM) in Chemical and Petroleum Refining Engineering. He is a respected expert witness and public speaker, and is the holder of two industry-related patents

Cordell Fonnesbeck

Member of the Board of Directors

Cordell Fonnesbeck is the owner and founder of his own public accounting firm, Cordell Fonnesbeck, CPA, P.C. since 1991. It is located in Casper Wyoming and caters to small and medium sized clients in the Casper and central Wyoming area with an emphasis in tax compliance, tax planning and accounting services. He has practiced accounting for more than 39 years. From 2005 - 2009, he was the accountant for High Plains Gas, LLC, which was the predecessor to High Plains Gas, Inc. He holds a B.S. degree in Accounting from Utah State University and is a licensed Certified Public Accountant in California and Wyoming. He has been a Member of the American Institute of Public Accountants since 1974.

Projects:

NORTH AND SOUTH FAIRWAY ASSETS

Through its wholly-owned subsidiary CEP-M Purchase LLC, High Plains owns the former Marathon Oil Corporation North and South Fairway Assets. These assets consist of 1,614 Coal Bed Methane wells with associated flow lines and over 155,000 net acres.

Upside Potential

Up hole recompletions

~40,000 undeveloped acres

Deeper coal potential

Upside Potential

Up hole recompletions

~40,000 undeveloped acres

Deeper coal potential

Multi zone completions

HPG has developed a 600 well recompletion plan for the property to begin in December 2010 which is projected to produce an additional 15,000 Mcf per day when complete. HPG will also drill an additional 350 wells within the Fairway leases. The Company is also actively working with gas marketing and compression firms to set additional compression capacity to handle their aggressive recompletion program in the North and South Fairway Assets.

DRY FORK PROJECT

HPG has secured the lease rights comprising the Dry Fork Project, and has drilled seven wells on this lease. These completed wells are currently in the de-water phase with three wells beginning to show gas. Other wells drilled and maintained by HPG in this area have produced marketable gas for over seven years. High Plains maintains secure control of all gas flow around the Dry Fork Project as well as to and from the Project. HPG also has current permitting approval for the Dry Fork Project.

Dry Fork Project :: Phase I

HPG has drilled seven wells on the Dry Fork lease as the initial step of the Dry Fork project. These wells have been enhanced via hydrolysis. These wells are de-watering at a rate of 588,000 gallons per day each. Three wells have begun to show methane, and de-watering has been controlled to maximize gas collection. All seven wells are connected to the HPG infrastructure so that all produced gas is transmitted to a point of sale.

Phase I will be comprised of 70 new wells. Drilling will begin in August 2010. Well drilling time is three days per well drilling rig at a schedule intended to minimize cost and maximize revenue. HPG will run 2 to three rigs until all 70 wells are drilled. Drilling will be completed in May 2011.

Dry Fork Project :: Phase II

Dry Fork Project Phase II is a continuation of Phase I comprising of 83 new wells. The drilling program is scheduled to begin in November 2011. Well drilling time is three days per well at a schedule intended to minimize cost and maximize revenue. HPG will run 2 to 3 rigs until all 83 wells are drilled with drilling to be completed in June 2012.

GRAMS and MILLS GILLETTE

There are a total of 57 wells in the Grams and Mills Gillette fields, with ten more wells to drill and an additional four wells in the permitting process. Seven wells have been recompleted and re-enhanced with seven more wells scheduled to begin the recompletion program. High Plains has also replaced 18 water pumps on the property as part of its unique re-enhancement plan. Production from the Grams and Mills Gillette fields was 120 Mcfpd (thousand cubic feet per day) at the time of acquisition, and has increased to 800 Mcfpd to date. All natural gas produced in these fields and delivered to the point of sale is sold at a hedge price of $5.20/MMbtu until the end of 2010. Successful re-enhancement activities have increased production on the Grams and Mills Gillette an average of 129% on wells with prior production. High Plains is proceeding with its re-enhancement activities in these fields to further increase production.